#capital-expenditures
#capital-expenditures
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#meta-platforms #alphabet #ai-infrastructure #ai-investment #artificial-intelligence #earnings #big-tech
fromwww.cnbc.com
6 days agoStocks making the biggest moves premarket: Alphabet, Microsoft, Meta Platforms, Eli Lilly, Merck & more
Alphabet The search giant jumped more than 7% after strong results that were boosted by revenue from Google Cloud and YouTube advertising. Alphabet earned $3.10 per share, on an adjusted basis, more than the $2.33 per share expected by analysts polled by LSEG. Revenue of $102.35 billion exceeded the $99.89 billion consensus estimate. Meta Platforms The Instagram parent slumped more than 8% after raising its capital expenditures outlook to invest more in artificial intelligence.
fromBusiness Insider
1 month agoUS data center construction spending reaches record-breaking high
Data center construction spend in the US hit a record high of $40 billion a year in June, Bank of America Global Research said in a new report issued this month. The report cited data from the US Census Bureau and noted that the new spending level is a 28% increase from the previous year. Amazon, Microsoft, Google, and Meta are leading the charge with sweeping expansion plans that could total more than $1 trillion in capital expenditures over the next few years.
Tech industry
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